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Steven Cross
Sydney’s Point Piper has been labelled Australia’s most expensive suburb, with a median house price of $5.21 million in 2011.
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The high-end property’s median house price was almost $1 million more than Tamarama, which took out second place with a median house price of $4.3 million.
Sydney rounded out the top five positions on the most expensive suburbs list, with Bellevue Hill placing third followed by Vaucluse and Double Bay.
Melbourne’s Deepdene was the first non-Sydney suburb on the list placing sixth with a median price of $2.5 million.
Melbourne’s Toorak and Perth’s Dalkeith, both with median prices in the mid $2 million range, took eighth and ninth place respectively.
And Mosman was tenth on the list with a median price of $2.25 million.
